Simon Property Group, Inc.
SPG
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+ FollowMarket Cap$72.29B
Close$
Earnings Call Q2 2026
August 10, 2026 - AI Summary
Strong Q2 performance and accelerating growth (good): Real estate FFO was $1.25B / $3.29/share, up 7.9% YoY (vs. $1.15B / $3.05/share). Domestic property NOI +8.5% YoY; portfolio NOI +8.3% (international at constant currency). Reported FFO $3.12/share includes a $0.21/share noncash after-tax gain tied to Catalyst Brands/Forever 21 deconsolidation (so reported isn’t perfectly “clean” vs. peers/ongoing operations).
Leasing momentum remains very strong (good): Signed 1,200+ leases totaling 4.8M sq ft in Q2; new deals +20% YoY; new deals were ~28% of total lease square feet. New deal economics: initial base minimum rent on new deals +17% YoY while tenant allowances -12% YoY. Expirations execution is ahead: completed 87% of 2026 expirations, ahead of last year, while the 2027–2028 pipeline is building (management cited it as well ahead of last year’s pace).
Retail sales acceleration supports fundamentals (good/surprising): Malls & Premium Outlets $838/sq ft, +13.9%. Total sales volume: +6.6% over trailing 12 months and +7.6% in the quarter; comparable sales +5.7% in Q2. Management highlighted broad tenant demand and activations (Outlet Shopping Day; World Cup-driven events), reinforcing that consumer traffic and retailer sales are responding.
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$179.07
18.8% downside
Current Fair Value
18.8% downsideOvervalued by 18.8% based on the discounted cash flow analysis.
Share Statistics
| Market cap | $72.29 Billion |
|---|---|
| Enterprise Value | $100.72 Billion |
| Dividend Yield | $8.80 (3.95%) |
| Earnings per Share | $14.14 |
| Beta | 1.33 |
| Outstanding Shares | 324,034,000 |
Return
| Return on Equity | 96.34% |
|---|---|
| Return on Assets | 11.81% |
| Return on Invested Capital | 16.45% |
Valuation & Multiples
| P/E Ratio | 15.53 |
|---|---|
| PEG | 97.76 |
| Price to Sales | 11.03 |
| Price to Book Ratio | 11.61 |
| Enterprise Value to Revenue | 15.15 |
| Enterprise Value to EBIT | 16.14 |
| Enterprise Value to Net Income | 21 |
| Total Debt to Enterprise | 0.29 |
| Debt to Equity | 5.96 |
Revenue Sources
No data
Insider Trades
Last Earnings Call
Report Date
August 10, 2026
EPS Estimate
$1.64
Average shareholder expectationRevenue Estimate
$1.61 B
Average shareholder expectationNext Earnings Call
Expected Date
November 2, 2026
EPS Estimate
$1.72
Average shareholder expectationRevenue Estimate
$1.63 B
Average shareholder expectationInstitutional Put/Call Ratio
Market sentiment based on institutional option activity.
| Put/Call Ratio | 0.8253▼ 40.21% |
|---|---|
| Total Calls | 114,500▼ 91.84% |
| Total Puts | 94,500▼ 94.52% |
Institutional Ownership
Holdings and activity of institutional investors.
| Ownership % | 29.31%▼ 60.91% |
|---|---|
| Total Invested | $21.24B▼ 61.03% |
| Investors Holding | 785▼ 574.00% |
ESG Score
No data
About Simon Property Group, Inc.
2,018 employees
CEO: David Simon Simon Property Group, Inc. is a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations and an S&P 100 company Its properties across North America, Europe and Asia prov...